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Opto Circuits To Buy Two Indian Medical Equipment Companies

Opto Circuits (India) Ltd. (OCI), a leading medical equipment company, manufacturing medical diagnostics and cardiac products, has signed share purchase agreements to acquire two Indian medical equipment manufacturing companies, Devon Innovations Pvt Ltd (Bangalore) and Ormed Medical Technology Ltd (Chennai).

The companies manufacture products like Catheters, Stone graspers, Stone Baskets and Dilator Sets for different specialized applications, mainly in the areas of Urology, Gastroenterology and Gynaecology. Devon Innovations manufactures Catheters and allied products for various medical segments and Ormed deals in orthopaedic prosthesis and surgical Disposables.

The acquisition of these companies will help OCI to extend their penetration in India, as also in the international healthcare market. This acquisition will give a good synergy to the manufacturing and marketing of OCI's Cardiac Stents business. OCI will also enter new market segments like Urology, Gastroenterology, Gynaecology and Orthopaedics in the domestic and International market.

OCIL is a leading manufacturer of healthcare equipments in India. The product profile includes digital thermometers, sensors, probes, pulse oximeters, patient monitoring systems, Stents and innovative products in the pipeline. In 2001, OCIL acquired 60per cent stake in Advanced Micronic Devices to market its equipments in India. OEMs contribute 80 per cent of sales while its US based subsidiary MediAid contributes 100 per cent.

(http://www.pharmabiz.com/article/
detnews.asp?articleid=38568&sectionid=&z=y&z=y)

Gujarat FDCA To Provide Status Of Applications Through Website

After completing computerized data management and licensing system throughout the state recently, the Food and Drugs Control Administration (FDCA) of Gujarat is now working on a software device to provide required information for the industry on their various applications.

The new software, developed with the help of National Informatics Centre (NIC), Department of Information Technology, will enable the companies to know the status of their applications field in the FDCA through a website. The NIC is preparing the new software as the part of its e-governance support programme.

With the launching of this facility, the FDCA will provide a secret password to its applicant, which can be used to log in to the website and collect the relevant data such as status of the application, actions taken, data on the relevant officer who has taken the decision and the duration the file kept in each section.

(Ref : The Chronicle Pharmabiz dated May 24, 2007)


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